LATAM- Business News and Updates


Legal updates and changes, regulatory updates, industry reviews, legal advice, accounting advice, Q&A with experts, and more.

Medicinal Cannabis in Ecuador: Legalization to Spur Commercial Boom

Medicinal Cannabis in Ecuador: Legalization to Spur Commercial Boom

As expected, Ecuador has been the most recent nation to join the unstoppable bandwagon – the medical cannabis industry. The Ecuadorian National Assembly passed legislation to approve the production, commercialization, use, and consumption of cannabis for medicinal or therapeutic treatment on 17 September 2019. This makes Ecuador the fifth Latin American nation in quick succession to legalize medicinal cannabis use. Ecuador’s former cannabis market The pre-existing law on cannabis in Ecuador...

What are entity health checks and why are they important? 

What are entity health checks and why are they important? 

As a general rule, Latin America has a highly regulated business environment. Laws, licenses, statutes, and directives litter the region’s business world, frequently providing headaches for business owners. Compliance is often one of the largest tasks a business faces when starting up, and unfortunately can be the undoing of a company, particularly for those with foreign backgrounds.  However, Latin America’s various attractions such as tax incentives, low labor costs, and rapidly growing...

5G Technology to Improve Ease of Doing Business in El Salvador and Uruguay 

5G Technology to Improve Ease of Doing Business in El Salvador and Uruguay 

5G technology is set to disrupt logistic operations, society and almost all industries in a nation’s economy. As of October 2019, only 21 countries in the world have successfully launched this technology. Remarkably, Uruguay and El Salvador have the lead in the region. Uruguay is the only Latin American country that implemented 5G technology and El Salvador is set to become the second runner up. This will significantly improve the ease of doing business in El Salvador and Uruguay. The South...

2020 Opportunities for Investment in Peru

2020 Opportunities for Investment in Peru

Solid macroeconomic foundations make investing in Peru an attractive opportunity. The nation’s debt and economic outlook have received stable ratings from the main risk rating agencies. On top of that, one of the main economic drivers, private consumption, is expected to accelerate its growth to 3.9% in 2020. Investment in Peru will benefit from the country's stability and positive outlook. The economy has remained stable and is expected to reach a growth rate of 4% in 2020; future prospects...

Martin Roa Skramstad: Connectivity and Trade between Australia and Latin America

Martin Roa Skramstad: Connectivity and Trade between Australia and Latin America

This month, Biz Latin Hub had the privilege of connecting with the Chairman of the Professionals in International Trade organization, Martin Roa Skramstad. Martin also works as a Partnerships Manager for UNICEF Australia. Businesses and professionals are finding ways to connect these two exciting regions, and do business in Latin America and Australia’s thriving industries. We speak with Martin about how he sees future people-to-people connectivity and trade between Australia and...

Why Register your Online Business in Costa Rica?

Why Register your Online Business in Costa Rica?

Costa Rica is one of the most stable democracies in the Central American region. The country’s stability is boosted by the country’s legal security and frameworks. Citizens, residents and holidaymakers alike find great value in Costa Rica’s commercial, tourism, and lifestyle offerings. The country’s varied geography and warm disposition towards foreign business supports a forward-thinking, innovative business climate. Businesses in Latin America have begun to shift away from investing in a...

How to Liquidate Your Company in Mexico

How to Liquidate Your Company in Mexico

Considered the gateway between the United States and Latin America, Mexico has a large number of resources and robust trade agreements with major international markets. This includes the United States, Mexico and Canada (USMCA) agreement, MERCOSUR and the Pacific Alliance.  Mexico’s GDP reached US$1,224 billion in 2018, growing successively in recent years. The International Monetary Fund (IMF) estimates that this growth should continue at the same rate in 2019.  Despite a growing economy and...

Mining in Ecuador: Opportunities for Service Companies

Mining in Ecuador: Opportunities for Service Companies

Ecuador is a country that has traditionally based its economy on its natural resources, both renewable and non-renewable. In this sense, Ecuador is no stranger to mineral exploration and exploitation activities. For example, the country has great experience in the production of oil and its derivatives. This experience, which it has had for more than half a century, generates an important basis for the correct development of mining projects derived from the discovery of new deposits and...

Import and Export in Peru: Understand International Trade Requirements

Import and Export in Peru: Understand International Trade Requirements

When a business grows, exporting and importing goods becomes a major part of its business model. Selecting the appropriate country to expand to is key to securing positive returns on investment.  Peru is a consumer market of 32 million people, strategically located in the center of the region, facing the Pacific Ocean. The country holds 20 free trade agreements (FTAs) and has access to dozens of countries through other multilateral alliances and treaties. Having trade deals with the European...

Commercial Opportunities for Mining in Bolivia

Commercial Opportunities for Mining in Bolivia

Bolivia is a country rich in natural resources that relies on their productivity as an important contributor to its GDP. It is estimated that only 10% of minerals have been extracted so far and exploration activities continue to discover rich soils. Last year Bolivia increased its production of zinc, gold, silver, lead, antimony, wólfram and ulexite. The private sector is the most important productive actor for Bolivian minerals. It was reported that between January and September of 2018, this...

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